DSP Group Q1 Loss Narrows

(RTTNews) - DSP Group Inc. (DSPG), a provider of wireless chipset solutions for converged communications, reported that its net loss for the first quarter of 2017 was $2.87 million, compared to a loss of $2.91 million in the first quarter of 2016. Loss per share for the first quarter of 2017 was $0.13, same as for the first quarter of 2016.

Non-GAAP net loss and loss per share for the first quarter of 2017 were $1.1 million and $0.05, respectively, as compared to non-GAAP net loss and loss per share of $1.7 million and $0.08, respectively, for the first quarter of 2016.

Revenues for the first quarter of 2017 were $27.9 million, an increase of 1% from revenues of $27.7 million for the first quarter of 2016.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share and revenues of $27.56 million. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects a sequential increase in revenues, propelled by shipments of HDClear products for non-smartphone applications, market share gains in the Office/VoIP segment and gradual increase in demand for IoT products.